JumpyWalrus
JumpyWalrus

What is the logic behind real estate pricing?

Apart from factors like location and builder, what else is a factor for pricing a flat of x BHK, y cr?

6mo ago
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PrancingDonut
PrancingDonut
Arm6mo

There’s no logic behind it. NRIs keep flooding the real estate market with constant inflow of money no matter what prices the builders quote. So the prices will never go down unless NRIs suddenly lose all their purchasing power

JumpyWalrus
JumpyWalrus

Do NRI really pump that much money that they can inflate the entire market?

PrancingDonut
PrancingDonut
Arm6mo

Yes, at least 30% of the flats in any decent society are owned by NRIs

SillyMarshmallow
SillyMarshmallow

Tier 1 cities have high pricing for flats like if we talk about Gurgaon, we can easily see 2bhk starting from 2 Cr😓

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